The Fifth RecExpo: Azerbaijan International Real Estate and Investment Exhibition, which is organized by Elan Expo, is taking place Nov. 21-23, 2019, at the Baku Expo Center in Baku, Azerbaijan.
Azerbaijani’s Preference of Investment: Real Estate
Azerbaijan, which is located on the Western coasts of the Caspian Sea and has around 10 million in population, is one of the most powerful countries of the Caspian Region, with its underground resources and the high purchasing power. Azerbaijan is the 25th biggest economy, according to World Bank’s Doing Business Report 2019; it had around $42 billion at the end of 2018.
Azerbaijani investors have been inclined to make investment abroad in recent years, such as in the UAE, EU, U.S., Georgia, etc. Their valuable currency, passion for the luxury life and some internal taxation policies leads them to invest in foreign countries. Azerbaijanis also prefer to make foreign investments as buying houses abroad for the holidays, educational preferences or business opportunities; there are some countries that offer investors citizenship when they buy a house.
Azerbaijan Real Estate Expo: RecExpo 2019
The general manager of Elan Expo, Salim Sahin, explains their success in Azerbaijan:
“Fifth Azerbaijan RecExpo is the unique Real Estate and Investment Exhibition in the Caspian Region for five years. We are the best and only in this market and growing our portfolio annually into the Azerbaijani investors; we are enlarging our international exhibitor scope also, according to our previous years. In our fourth edition, RecExpo 2018, more than 6,200 people visited our Real Estate and Investment Expo, with the profile of 24 percent investors, 32 percent homebuyers, 18 percent real estate professionals and 26 percent other. We hosted 97 international exhibitors with 232 international projects.
“Companies from nine countries—Azerbaijan, Turkey, England, USA, Spain, UAE, Georgia, Portugal and Montenegro—did not miss the opportunity to sell their projects to Azerbaijani investors. They finished the Expo with an average of three sales and nine pre-sale orders per company. We provided many good relations with the leading companies of real estate sector during our previous shows, such as Emaar, Damac, Ağaoğlu, Kuzu Group, RE/MAX, Sinpaş, Keller Williams Realty, Portonovi Montenegro, Sur Yapı, Türkerler Holding, Ege Yapı, Dubai Land Department, Dreamland, Baku White City, Emlak Konut, Absheron City, Azinko, InvestAz, and many others worldwide. We collected much perfect feedback from the companies; their satisfaction is so important for us, [and] I want to send our pleasure them to work with them.
“We also provided enormous publicity for the RecExpo 2018 in Azerbaijan. During our marketing campaign, we sent 100,000 invitations, 60,000 emails, 20,000 minutes [worth of] phone calls, 310,000 second radio and TV advertisements, and published 90 outdoor advertisements, 105 website advertisements [and] 26 newspaper advertisements. We promoted our events via social media also. We have around 160,000 likes on Instagram and Facebook posts.
“To sum up, Azerbaijan RecExpo 2019 is an unmissable opportunity to meet the potential buyers and purchasing agents of the Caspian Region real estate market and many local and international investors.”
For more information, please visit rec-expo.net.